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San Gold (TSX:SGR) reported the preliminary Q3 results for its operations at the Rice Lake Mining Complex in Manitoba.
San Gold (TSX:SGR) reported the preliminary Q3 results for its operations at the Rice Lake Mining Complex in Manitoba.
Highlights from Q3 production include:
- Record gold production of 27,084 ounces.
- Mill production of 191,105 tons.
- Mine production of 143,949 tons.
San Gold produced 27,084 ounces of gold in the third quarter, bringing year-to-date production to 67,487 ounces. The operation milled a record 191,105 tons in the quarter at an average daily throughput of 2,077 tons per day, a 53% increase over the third quarter of 2011. Mill recovery was 93.3%. Milled grade was 5.21 grams per tonne which is slightly below the previous quarter.
George Pirie, San Gold President and Chief Executive Officer, stated:
The quarterly milled grade and mine production reflect a slight delay in extracting ore from our higher grade stoping blocks. However, the Company remains on track to achieve our guidance of 95,000 to 105,000 ounces of gold in 2012.
Click here to view the full press release.
